But being smaller would also be a disadvantage in the bidding round. “Reels gives people new ways to express themselves, discover more of what they love on Instagram and help anyone with the ambition of becoming a creator take center stage,” Instagram said in a blog post announcing the service’s launch. TikTok has perfected the ‘reaction’ genre, making a category which YouTubers started years ago virtually seamless. Basically, people on TikTok can exchange real-world currency for TikTok coins to top up their virtual “wallet.” They can use these virtual coins to tip creators with virtual gifts. How are my funds calculated? While there’s no hard number publicly available for what ByteDance will want for TikTok’s U.S. arm, WSJ said there’s wide agreement that it would be in the tens of billions of dollars. ‘TikTok Accountant’ is a term that people on TikTok use to refer to people that do sex work. Trump And The TikTok Deal: ... "The administration is clear that they want to get Chinese tech off of U.S. networks, so I wonder if they'll want to push this further after time," Lewis said. The “why” is answerable in a single word: data. What does that look like? But that doesn’t mean the social media giant won’t make a grab for TikTok users while the Chinese company’s ownership is up in the air. Instead, Facebook has built its own rival — Instagram Reels, a product that works a lot like TikTok. "TikTok is struggling to control its content at the moment, and its revered algorithm can work against it sometimes. A major perk is that it's still in its early stages, so building an audience on the platform is easier than on anywhere else online. Microsoft + TikTok: A Data Match Made In Heaven. Unlike YouTube, monetization of content is still relatively underdeveloped on TikTok. But Hobbi — Facebook’s answer to Pinterest — never quite took off. NEW PYMNTS DATA: THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT. To exemplify this point, within five minutes, I switched from watching someone demonstrate a new cosplay outfit to a U.S. airman confidently hanging from the cargo ramp of a C-130 Hercules transport plane. Here’s a four-minute supercut of people making their own lip-synch videos to a brief snippet from The Living Tombstone’s No Mercy, about the perils of choosing a character in the popular multiplayer FPS, “Overwatch.”. However, Microsoft — which normally focuses on enterprise software — faces a complicated and competitive field if it wants to own TikTok’s U.S. operations. For example, presently, there isn’t an option for creators to make money from rolling ads on their videos. TikTok Is for the Memers. They wonder what Microsoft is going to do with the world’s No. Angela Lang/CNET This story is part of Generation China, CNET's series exploring the … Meanwhile, TikTok has said it will head to court to challenge Trump’s order banning the company from America. For example, in 10 minutes, you might see content from those whose political views diverge wildly from your own, or other communities you might not ordinarily engage with, like the military or law enforcement. There's a full TikTok channel dedicated to reposting videos of internet best friends meeting in person for the first time. What Is TikTok, and Why Are Teens Obsessed with It? They want to see the real brand behind an ad, its real intentions, personality, and values. With over 800 million active users worldwide, TikTok has become a force to be reckoned with. This remains the biggest hurdle for TikTok when it comes to attracting big-name talent from other social networks. While livestreams are open to everyone on TikTok, only the biggest names will be solicited for an influencer marketing deal. It is, perhaps, the most controversial (and beloved) social network ever. By submitting your email, you agree to the Terms of Use and Privacy Policy. TikTok, popular among teens, lets people add music and effects to short videos. We want as many eligible creators as possible to make money doing what they love on TikTok. This mechanism is somewhat convoluted. For what it’s worth, ByteDance rebuked the claims made by Congress. These factors alone explain its rapid growth and enduring popularity among Generation Z. And—perhaps most importantly—why should you care? Facebook’s new Instagram Reels app — widely seen as a TikTok rip-off — seems designed to do just that. But now, TikTok has gone from a harmlessly entertaining diversion for millions of homebound consumers to a digital pariah increasingly eyed with suspicion and banned by governments and private companies worldwide as a potential security threat. How to Turn Off Read Receipts in Microsoft Teams, How to Set Custom Wallpapers for WhatsApp Chats, How to Turn Off the Burn Bar in Apple Fitness+, How to Create a Family Tree in Microsoft PowerPoint, How to Turn Off Typing Indicators in Signal (or Turn Them On), © 2021 LifeSavvy Media. The largest was TikTok user OurFire, who has over 5 … Keep this in mind not only for TikTok but for every social media advertising campaign you do regardless of the battleground of your choice. As it is, China has its “Great Firewall,” which bans or censors most of the western internet from its users. The journey from Emily’s first TikTok ode to Remy to the New Year’s Day livestreamed production with professional actors was a rapid series of iterations. They want to learn something new in a quick and playful way. They don't want to just see an overly-treated picture of you at the beach." Twitter's market cap is likewise a little over $29 billion versus about $1.6 trillion for Microsoft. TikTok is owned by a Chinese company called ByteDance. And so I think most of what is happening on TikTok is a genuine curiosity.” “Dr.Noc” shared this sentiment, saying that he believes TikTok has ultimately educated more people than it has misinformed. With just the touch of a button, users can record a reaction to their TikTok buddies’ videos, positioning themselves where they want … People can repurpose audio footage from other videos and create a unique take on someone else’s idea. Such a deal would also benefit from the fact that Twitter is smaller than Microsoft, so buying TikTok’s U.S. arm would likely raise fewer antitrust alarms, sources told WSJ. That’s become pressing for Microsoft in the mobile era, where the company totally blew mobile and has persistently been playing catch-up with players like Apple and Google. Think about creating beauty, fitness or cooking tutorials, these are the categories most popular on TikTok. Since we launched in 2006, our articles have been read more than 1 billion times. TikTok’s content consists of 15–60-second videos. The president and his advisors say TikTok is a national security threat. They don't believe misinformation, they just want more information. The report also examines how the knowledge that a COVID-19 vaccine will soon be available throughout the U.S. could affect their perceptions. What started as a TikTok trend in the middle of the pandemic became a Disney-sanctioned, one-night-only virtual Broadway show helmed by Jeremy O. Harris. Twitter might theoretically be able to keep up with Facebook in a social media innovation race, but buying TikTok might simply be out of Twitter’s price range. People can post videos and use an array of soundtracks and Snapchat-style filters, which can morph faces or create other intriguing visual effects. If Disney wants, they could iterate further to turn this into a high-fidelity production, having already learned a … So, what is TikTok, and how does it work? These concerns are not unreasonable. After all, Facebook sees TikTok as the most serious challenger it has faced in social media for some time, so it’s putting lots of effort into Reels. The TikTok commentariat was happy to provide answers ranging from the sentimental to the hilarious, but most agreed that dudes like flowers too. Downloads of the app are rapidly outstripping those of more established social networks, like Twitter and Facebook. About: The PYMNTS Subscription Bundling Report, surveyed a census-balanced panel of 2,962 U.S. consumers to gauge how their attitudes toward bundled subscription services have changed during the pandemic, especially those offered by companies in the streaming sector. TikTok even aired a commercial during the 2020 Super Bowl. The European Union first sounded the alarm with an investigation in June. Let’s look at who could be the winner in buying the company’s U.S. arm — and whether a TikTok 2.0 would perform as well as the current version that millions of American teenagers know and love. And Reels doesn’t require adding a new app, as it’s built right into Instagram. When compared to pretty much any other social network, TikTok’s more optimized to create memes. WSJ reported that Microsoft has roughly $136 billion in cash on hand versus about $7.8 billion for Twitter. Any good news there could mean that ByteDance might lose interest in selling the app’s U.S. arm altogether. Instagram Stories, which is now one of the app’s most popular features, is actually an idea “borrowed” from Snapchat. It combines all the dopamine-triggering mechanisms that make for an addictive app. Know What They Want is a popular song by Thomas B Dowd III | Create your own TikTok videos with the Know What They Want song and explore 0 videos made by new and popular creators. It’s not uncommon for brands—particularly those in the fashion and lifestyle spaces—to collaborate with popular creators and send them swag or cash in exchange for mentions. After all, the Beijing-based social network not only has access to the information of Americans who use the platform, but it could also censor the content Americans see on the network. The Federal Trade Commission is demanding that nine social media and tech companies share details on how they harness users' data and what they do with the information. It’s also uniquely optimized for creating memes from otherwise innocuous content. Will Instagram Reels succeed? It can produce viral stars out of nowhere and is, in essence, a fame factory. The exchange rate varies and is subject to change by TikTok itself. Microsoft is reportedly likely to ask for a one-year grace period to implement the transition even as some executives question whether it could take several years to do so. What TikTok offers Microsoft is a window into building products for consumer uses and services. If Microsoft can’t make a deal work, Twitter has already had preliminary talks with TikTok about coming in with a rival bid, according to The Wall Street Journal (WSJ). Microsoft would also get an easy entry into the world of mobile-based social media and a captive audience to which to promote products like Surface tablets and Xboxes — and even to build out its own streaming gaming platform. It looks like TikTok could be on its way out in America unless it can cut a deal with Microsoft or another U.S. buyer for its American operations, removing Washington’s security concerns. Consider Facebook. When I interviewed rapper Shevin McCullough (who performs as Showtime Shevin), he described the platform as “fertile grounds” compared to YouTube. The videos all have a very similar feel to them, with someone walking anxiously before meeting eyes with their best friend, running up to … A great example of this is HP. Beyond that, TikTok has the standard features you’d expect from a social network, including direct messages and the ability to “like” videos. CEO Mark Zuckerberg and company can certainly afford it, and could probably even go toe-to-toe with Microsoft in a bidding war if they had to. TikTok is an intriguing video platform. And that’s just winning the race to buy TikTok’s U.S. arm. All of that is a long way of saying “keep watching.” The race to determine TikTok’s fate looks like there are plenty of twists and turns still left to “tock” before the clock “ticks” all the way down on Trump’s Sept. 15 deadline for banning the app from America. Moreover, TikTok would give Microsoft a connection point to millions of younger consumers worldwide — the very people most likely to miss building a connection with Microsoft Office products. Like YouTube, TikTok's most significant feature is sharing videos. But integrating TikTok with the Microsoft universe of products and services would be a technical challenge, particularly if it has to build in the privacy protections that regulators worldwide worry the app currently lacks. But antitrust regulators would probably die laughing if Facebook so much as proposed such a deal, so the company likely won’t. And Facebook is clearly going after the TikTok influencer set. TikTok is all about remixes where users shoot a new video to recontextualize audio pulled from someone else’s clip, or riff on an existing meme or … Well, if a Microsoft-owned TikTok takes on Facebook in social media, it will learn that Instagram is a formidable competitor with a well-established base of very loyal users. Meanwhile, other social media companies are aiming to grab TikTok’s audience rather than buy the firm. And TikTok has an easy-to-use self-service advertising platform that makes it a breeze to create an engaging ad campaign. A person superimposes themselves next to someone else’s video and effectively creates a brand-new piece of content. What Walmart might want from a TikTok tie-up Video-sharing app has more than 100m active US monthly users who are young, tech savvy and likely to shop online TikTok star Natalia Seth. The serendipitous nature of fame on TikTok is also attracting people from other platforms. For example, lawmakers are concerned TikTok might censor videos on topics the Chinese government finds sensitive, like the Hong Kong democracy protests or the plight of the Uighur ethnoreligious minority. However, it did attract fire for removing a U.S. teenager’s popular video about the Uighur situation. Amazon.com, TikTok … This mechanism offers an endless thread of new stuff to watch and feeds into the highly addictive nature of TikTok. WHAT THEY WANT is a popular song by MOST WANTED | Create your own TikTok videos with the WHAT THEY WANT song and explore 1 videos made by new and popular creators. People can repurpose audio footage from other videos and create a … All Rights Reserved. Join 350,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. It punctures the filter bubble. There’s also influencer marketing. With more than 18,300 subscribers, his TikTok account is a major success in Brazil. TikTok user @rockysroad, or Rocky Paterra, was the person to use the term as a way to avoid talking about his profession.In a video posted to his TikTok, he explained that he was a struggling actor but told people that he was an accountant when they asked what he did for work. Given lawmakers’ loudly articulated regrets at a Capitol Hill hearing two weeks ago that U.S. antitrust regulators let Facebook buy Instagram in 2012, it’s not surprising that the House that Zuck Built isn’t even bothering to attempt a TikTok buy. This format means that ad spots are at a premium since they aren’t likely to get lost in a sea of competing ads like they can on other platforms. This has caused some consternation within the halls of Congress, with many lawmakers dubbing it a “national security threat” and seeking testimony from TikTok’s leadership team. Of course, we’ve only skimmed the surface of what makes TikTok special. Once received, these gifts are converted into a further virtual currency called Diamonds, which creators can withdraw in real-world cash. The above article may contain affiliate links, which help support How-To Geek. Congress fears it. As it grows, it will no doubt continue to attract the attention of those in the halls of power, as they try to come to terms with the existence of a Chinese social network just as successful as anything from Silicon Valley. When compared to pretty much any other social network, TikTok’s more optimized to create memes. One way creators can make money is via livestreams, during which they receive “tips” from viewers who have virtual gifts. Retaining its 100 million American users (out of 800 million worldwide) is another matter. Although they only have three videos, they did a hashtag challenge at Coachella last year called the #HPCoachellaDreamland challenge and enlisted some big TikTok influencers to spread the word via ads. At its core, TikTok is a video sharing application, not dissimilar from Vine, which Twitter discontinued in 2016. How-To Geek is where you turn when you want experts to explain technology. Were tiktok a website, progressive web app, or a server implementation of a standardized or open protocol, then the US Government couldn't practically do anything to block its use. 1 up-and-coming social media service, or why Microsoft would want it anyway. Users can record 15-second clips, sync them with music or audio effects and share them with the world at large or just with a curated list of friends. People can follow other accounts and create a feed of new content from the creators they enjoy most. Then, India banned TikTok and dozens of other China-based apps from its smartphone networks, citing concerns about “data sovereignty.” And most recently, U.S. President Donald Trump announced that U.S. citizens and companies can’t do business with ByteDance, TikTok’s China-based parent firm beginning Sept. 15. They want to be entertained." There’s also a “For You” feed that shows a random assortment of videos from others. He has also written for The Next Web, The Daily Beast, Gizmodo UK, The Daily Dot, and more. The site is already live in America and parts of Europe, as well as in India (which, as noted above, banned TikTok last month within the country’s borders). For openers, Twitter seems to be a possible alternative TikTok buyer, and speculation is increasingly swirling around other potential dark-horse bidders, Netflix being a particularly favorite. That depends. They say all press is good press, but scan any recent article about TikTok and the adage is called into question. While YouTube is far more established, it’s harder for new creators to create a die-hard following on there. It apparently doesn’t want to buy TikTok — and given lawmakers’ current mood toward the company, it seems unlikely Facebook could get government approval anyway. TikTok is unusual because it’s the only internationally-successful Chinese social network, with an appeal that extends far into the Western world. Perhaps the biggest virtue of the “For You” feed is how it exposes someone to content from creators he or she otherwise wouldn’t typically follow. There are also duets, which are precisely what they sound like. However, it’s also what makes TikTok such an enticing platform—it allows those with even the smallest followings to “go viral” and become online celebrities overnight. Beyond that, TikTok has the standard features you’d expect from a social network, including direct messages and the ability to “like” videos. And on top of that, the country’s government influenced the NBA’s actions over a single employee’s personal Tweet and pressured U.S. companies like Blizzard to suspend players for opinions they didn’t like. It's offered in 154 countries, has the highest social media engagement rates per post, and 9/10 TikTokers use the app multiple times a day. Matthew Hughes is a reporter for The Register, where he covers mobile hardware and other consumer technology. If you’re curious what that’s like, here’s a short clip of people duetting a clip of someone lip-synching to Charlie Pugh’s song, Betty Boop. “I think it will end up being net positive on the platform … Given its status as a top social media platform, Twitter would be a more natural fit for TikTok’s user base — many of which are already Twitter users as well. Moreover, TikTok would give Microsoft a connection point to millions of younger consumers worldwide — the very people most likely to miss building a connection with Microsoft Office products. Oracle's experience could help to fix some of these problems." The company later claimed this was a “moderation error” and unbanned the teen’s account. Join 350,000 subscribers and get a daily digest of news, comics, trivia, reviews, and more. But maybe the ban is really about Trump's hurt feelings over his ruined rally in Tulsa. So any TikTok influencer marketing campaign will revolve around influencers making, sharing, and sometimes livestreaming videos that will in some way promote your brand and make it attractive to their followers. The latest TikTok trend sees people doing a brand new personality quiz called ‘let me psychoanalyze you’ test. If it comes down to a bidding war, the winner seems pretty well preordained. Given Microsoft’s rocky history with consumer-facing products — the Groove Music service, the Zune MP3 player and the Windows phone, just to name a few more spectacular misses — the firm’s potential purchase of TikTok has many observers surprised. The video-sharing app saw its popularity explode during the global pandemic, fed by content-hungry teenagers around the world looking for something to do while locked in their homes. TikTok automatically restricts features for accounts for children 13-15 (e.g., can't post videos), but after 15, all features are unlocked. If you want to give it a go, find the link here! Bart Andrews, VP, Behavioral Health Response Last month, President Donald Trump called for ByteDance, the Chinese company that owns TikTok, to sell the app or … “Flowers, flowers are the equivalent,” another said. Of course, we’ve only skimmed the surface of what makes TikTok special. Why are lawmakers desperately scared of it? Brands want to make money off it. People want that information and they want to understand. THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT, TikTok Triggers Surge In Toy Sales As Kids Play At Home, TikTok Invites Facebook To Challenge TikTok Ban, Agora Services Debuts New Tools For SMB Banking, Messaging Standards Bring Clarity To A Fragmented Payments Ecosystem. In the U.S. Senate, a bipartisan front has arisen against TikTok, with senators Chuck Schumer and Tom Cotton calling for an intelligence probe into the app. RELATED: What Is a Meme (and How Did They Originate)? Here’s how it all happened. What they're blocking is a company trading in the US, and US companies trading with it. TikTok: teens love it, and parents don’t understand it. WSJ reported that Instagram is offering popular TikTok creators hundreds of thousands of dollars to jump ship to Reels. Which way will Reels go? It’s the result of an amalgamation between two existing apps: musical.ly and douyin. Spring was a time of explosive growth for TikTok, but summer is turning into the Chinese social media giant’s season of discontent. “I hope she sees this, but I want flowers too,” one user wrote. We don't yet know if Ivan will take home Tayshia's final rose on The Bachelorette, but we do know a few things about what he's doing after the show.For one: Ivan is officially on TikTok. And effects to short videos a TikTok rip-off — seems designed to do just.! Court to challenge Trump ’ s built right into Instagram, these gifts converted. 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